Banco Central Do Brasil raises the Selic interest rate to 12.5% from 12.25%, and takes a neutral...

|By:, SA News Editor

Banco Central Do Brasil raises the Selic interest rate to 12.5% from 12.25%, and takes a neutral bias on inflation risks. Brazil's central bank points to ending a period of tightening by dropping "prolonged period" from its statement when describing adjusting monetary conditions.